Curious why dog-themed MEMEs dominate the market or why frog-themed tokens have the best liquidity? Let’s dive into the data behind the hype.
MEME coins are an essential part of the crypto world, with their wild stories of fortunes gained and lost. But in a seemingly random market, what makes some MEME coins stand out?
The Dog Series Reigns Supreme
According to PANews analysis, dog-themed MEMEs on the Solana chain are leading the pack, with a market cap over $7.2 billion—accounting for 42% of the total MEME market. The classic "cat vs. dog" rivalry still captures attention, but the dogs are ahead for now. AI-themed MEME coins also had a breakout in October, with many among the 11 coins exceeding $100 million in market cap.
Frogs Hold the Liquidity Advantage
Despite not being the hottest topic, frog-themed MEMEs have the strongest liquidity pools. This ample liquidity may be the frogs’ secret weapon in maintaining their value—big funds tend to favor tokens with deep liquidity. While making money in the MEME market is no easy feat, the data hints that betting on a "golden dog" may give you slightly better odds than the lottery.
Ecosystem Breakdown
Beyond Solana, the Base chain’s MEME market is quietly growing, while Ethereum remains the hub for top MEME projects. The old favorite, PEPE, still holds the crown as the MEME with the highest market cap. But how long can these tokens retain their value? What’s the fate of early adopters? These are questions worth exploring.
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